John Hancock Income Securities Trust (NYSE:JHS) Trading 0.4% Higher - Should You Buy?

Key Points

• John Hancock Income Securities Trust saw its share price increase by 0.4% to $11.88, although trading volume was significantly lower than average.
• The company recently announced a dividend cut, with the latest quarterly dividend of $0.1421 per share reflecting a 4.8% yield.
• Several institutional investors increased their stake in John Hancock Income Securities Trust during the second quarter, indicating renewed interest among larger shareholders.

John Hancock Income Securities Trust (NYSE:JHS - )'s share price traded up 0.4% during trading on Friday . The company traded as high as $11.92 and last traded at $11.88. 3,219 shares were traded during mid-day trading, a decline of 67% from the average session volume of 9,704 shares. The stock had previously closed at $11.83.

John Hancock Income Securities Trust Trading Up 0.4%

The business's 50-day simple moving average is $11.65 and its two-hundred day simple moving average is $11.36.

John Hancock Income Securities Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th were given a dividend of $0.1421 per share. The ex-dividend date was Friday, September 12th. This represents a $0.57 annualized dividend and a dividend yield of 4.8%.

Institutional Trading of John Hancock Income Securities Trust

A number of institutional investors have recently bought and sold shares of JHS. Brick & Kyle Associates acquired a new stake in John Hancock Income Securities Trust during the 2nd quarter worth about $238,000. Cary Street Partners Financial LLC bought a new stake in shares of John Hancock Income Securities Trust during the 2nd quarter valued at about $377,000. Baird Financial Group Inc. grew its stake in John Hancock Income Securities Trust by 23.9% during the second quarter. Baird Financial Group Inc. now owns 60,103 shares of the financial services provider's stock worth $678,000 after purchasing an additional 11,587 shares during the period. Wolverine Asset Management LLC increased its holdings in John Hancock Income Securities Trust by 5,395.0% in the second quarter. Wolverine Asset Management LLC now owns 5,495 shares of the financial services provider's stock worth $62,000 after purchasing an additional 5,395 shares in the last quarter. Finally, Riverbridge Partners LLC lifted its stake in John Hancock Income Securities Trust by 3.2% in the second quarter. Riverbridge Partners LLC now owns 96,001 shares of the financial services provider's stock valued at $1,083,000 after buying an additional 2,954 shares during the period.

John Hancock Income Securities Trust Company Profile

John Hancock Income Securities Trust is a closed ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of United States. It invests primarily in corporate and government bonds with average maturity of 7.57 years.

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